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Lawrence Reed: The other date that lives in infamy
By Lawrence W. Reed
via Gold Newsletter, Metairie, Louisiana
Wednesday, April 12, 2023
December 7, 1941, will forever be remembered in the words of Franklin Delano Roosevelt, as "a date that will live in infamy." Another infamous date is April 5, 1933 -- the day that FDR ordered the seizure of the private gold holdings of the American people.
By attacking innocent citizens, he bombed the country's gold standard just as surely as Japan bombed Pearl Harbor.
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On this 90th anniversary of the seizure, it behooves us to recall the details of it, for multiple reasons: It ranks as one of the most notorious abuses of power in a decade when there were almost too many to count. It's an example of bad policy imposed on the guiltless by the government that created the conditions it used to justify it. And the very fact of compliance, however minimal, is a scary testimony to how fragile freedom is in the middle of a crisis. ...
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